Taiwan Business Quick Take

Staff writer

Thu, Jan 23, 2014 - Page 14

ONLINE GAMES

Gamania losses down

Gamania Digital Entertainment Co (遊戲橘子), a developer and host of online interactive titles, yesterday said its losss narrowed to NT$25 million (US$830,000) last month, compared with loss of NT$82 million in the same period of 2012. The company lost a total of NT$58 million in November and December last year, an improvement from losses of NT$118 million in the corresponding period of 2012, according to a company statement filed to the Taiwan Stock Exchange.

Gamania shares, traded on the GRETAI Securities Market, rallied 2.97 percent yesterday. Revenue jumped 24 percent to NT$755 million last month, from NT$610 million a year ago.

PETROCHEMICALS

LCY plans R&D building

LCY Group (李長榮集團), which operates petrochemical product maker LCY Chemical Corp (李長榮化學), plans to invest NT$2.2 billion (US$70 million) in Greater Kaohsiung to build a research and development (R&D) center to enhance the group’s capabilities, the Ministry of Economic Affairs said yesterday. LCY plans to hire 500 R&D workers for the center. The center is to be built in two phases. The group plans to build a seven floor R&D building in the first phase. The construction is set to be completed by the end of next month, with operations starting in April. The second phase of R&D construction is scheduled to begin in January next year.